Starlight Theatre Association of Kansas City Inc

Analysis

Starlight Theatre Association of Kansas City Inc is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in March 1951, 75 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Starlight Theatre Association of Kansas City Inc reported income of $25.4m and spending of $22.0m, spending 87% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $18.9m to $25.4m (+34%), an average of +7.6% a year. The sharpest change came in the year to March 2022, when income rose by 824%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Starlight Theatre Association of Kansas City Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 96th percentile within MO. Charities of a similar size with the same main cause include Fort Worth Museum of Science and History ($25.3m), Pacific Northwest Ballet Association ($25.5m) and Utah Symphony & Opera ($25.1m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 29% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $1.6m (7.4% of expenses). Other salaries and wages came to $2.7m. It paid $106k in professional fundraising fees. At year end it held assets of $48.9m against liabilities of $10.6m, net assets of $38.3m. It reported 220 employees.